This is a very strong report. The GM strike wasn’t as large of a drag (cut 41.6K jobs) and those revisions are great. If you look at that chart, there’s no real sign of slowing in the US economy.

Another thing to note is that the participation rate continues to tick higher. That’s something the Fed wants to see and something that will embolden the doves (and they’re almost all doves now) to keep rates low even if the economy picks up.